Culver City

CPA Firm for Sale in Culver City, CA. This firm is operated by the Seller with limited data entry & admin assistance. Clients are used to working remotely with the seller but keeping a local office, or utilizing the same co-working space as the seller, would be important for transition purposes. Firm gross revenue of $325k is generated from Tax & Bookkeeping services, and with low overhead this firm brings over $240k net to the seller. The practice provides professional services to multiple individuals and entities, of which about 60% are Medical Professionals with Corporations, and the client average age is in the mid 40’s. Please see below for a breakdown by revenue source. Practice uses Drake tax software along with QuickBooks. Much more information is available on the Practice Profile. Please log-in to your account for immediate access including the ability to download the Practice Profile pdf and update your distance preference.

If you don’t have an account please complete the Buyer Profile and NDA online (It will only take less than 2 minutes). Once that form is submitted your account will be created and you can download the practice profile immediately. If you’ve already completed the Buyer Profile and NDA then you can log-in to our website using your email and created password (or use the forgot password link to reset password) and download this profile.

Price

$425,000

Status

Available

Business Type

CPA Firm

Gross Revenue

$325,000

Net + Discretionary

$242,360

Tax Prep Income

$212,277

Bookkeeping Income

$45,065

Other Income

$67,658

Individual Clients

242

Average Fee

$495

Entity Clients

114

Average Fee

$900

Revenue Breakdown

Tax Return Breakdown:
242 - 1040 @ $495 avg.
93 - 1120/1120S @ $811 avg.
17 - 1065 @ $915 avg.
4 - 1041 @ $431 avg.

Additional Revenue Sources (Gross Revenue)
Misc. Services City Tax/Consulting - $8,238/yr
Prior Year Returns - $1,775/yr
3 Payroll Services w/ 1 ee per client - $2,700/yr
4 Monthly Compilations - $20,400/yr
1 Quarterly Compilations $3,300/yr
35 Annual Compilations $21,365/yr

Other Income includes clients on boarded at the end of 2021 and fees realized beginning in 2022.

Please complete the Buyer Profile and NDA to instantly receive additional information. Once the webform has been submitted you will be redirected to webpage where you can download the Practice Profile pdf for any practice(s) you are interested in. If you previously submitted a buyer profile and NDA with us you can resubmit to be added to our new download system, or contact us for the Practice Profile. You can come back anytime to log in with your username and password and download additional practice listings. Please contact us at (855) 428-2225 or via email at steve@atbcal.com.